• Tartas1995@discuss.tchncs.de
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    2 months ago

    I am aware. That is how stocks work. The billions “lost” got paid to previous owners of the stock.

    I used “owning” instead of “owned”, sorry, I guess.

    • Wispy2891@lemmy.world
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      2 months ago

      On the upside, if we think better, the answer to the question “how much money would Larry Ellison get if he found another sucker willing to buy his Xitter shares?” is $0 as there would be nobody so insane to buy them.

      So that number is the money that he lost for now, if he would be able to sell